| Metric | Q4 2023 | Q3 2023 | Q4 2022 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $535M | $509M | $483M | 5.1% | 10.8% |
| Op. Income | $124M | $108M | $104M | 14.6% | 19.7% |
| Gross Margin | 42.2% | 39.6% | 40.6% | 2.7pp | 1.7pp |
| Net Margin | 18.3% | 16.0% | 16.7% | 2.3pp | 1.6pp |
| EPS (Diluted) | $1.34 | $1.12 | $1.10 | 19.6% | 21.8% |
| Free Cash Flow | $163M | $6M | $197M | 2417.2% | -17.5% |
| Item | Amount |
|---|---|
| REVENUE | $535M |
| Cost of Revenue | $309M |
| GROSS PROFIT | $226M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $124M |
| Interest Income | $5M |
| Interest Expense | $5M |
| Other Income/Expenses | -$248.0K |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $48M |
| EBIT | $129M |
| EBITDA | $178M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| REVENUE | $535M |
| Cost of Revenue | $309M |
| GROSS PROFIT | $226M |
| R&D Expenses | $38M |
| Selling & Marketing | $0 |
| General & Administrative | $0 |
| SG&A Expenses | $63M |
| Other Expenses | $0 |
| Operating Expenses | $102M |
| Cost & Expenses | $410M |
| OPERATING INCOME | $124M |
| Interest Income | $5M |
| Interest Expense | $5M |
| Other Income/Expenses | -$248.0K |
| INCOME BEFORE TAX | $124M |
| Income Tax Expense | $26M |
| Net Income from Continuing Ops | $98M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $98M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $98M |
| D&A | $48M |
| EBIT | $129M |
| EBITDA | $178M |
| EPS | $1 |
| EPS Diluted | $1 |
| Item | Amount |
|---|---|
| Net Income | $98M |
| Depreciation & Amortization | $48M |
| Stock-Based Compensation | $7M |
| Deferred Income Tax | -$12M |
| Other Non-Cash Items | $3M |
| Change in Working Capital | $30M |
| OPERATING CASH FLOW | $175M |
| Capital Expenditure | -$12M |
| Acquisitions (Net) | $54.0K |
| Purchases of Investments | $0 |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $0 |
| NET CASH FROM INVESTING | -$54M |
| Net Debt Issuance | -$100M |
| Common Stock Repurchased | $0 |
| Common Dividends Paid | -$38M |
| Other Financing Activities | -$199.0K |
| NET CASH FROM FINANCING | -$135M |
| FREE CASH FLOW | $163M |
| Net Change in Cash | -$14M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $38M |
| Short-Term Investments | $0 |
| Net Receivables | $339M |
| Inventory | $0 |
| Other Current Assets | $255M |
| TOTAL CURRENT ASSETS | $632M |
| PP&E (Net) | $215M |
| Goodwill | $805M |
| Intangible Assets | $672M |
| Long-Term Investments | $0 |
| Tax Assets | $0 |
| Other Non-Current Assets | $601M |
| TOTAL NON-CURRENT ASSETS | $2.3B |
| TOTAL ASSETS | $2.9B |
| Account Payables | $25M |
| Short-Term Debt | $90M |
| Deferred Revenue | $318M |
| Other Current Liabilities | $0 |
| TOTAL CURRENT LIABILITIES | $634M |
| Long-Term Debt | $60M |
| Deferred Revenue NC | $71M |
| Deferred Tax Liabilities | $244M |
| Other Non-Current Liabilities | $74M |
| TOTAL NON-CURRENT LIABILITIES | $448M |
| TOTAL LIABILITIES | $1.1B |
| Common Stock | $1M |
| Additional Paid-In Capital | $620M |
| Retained Earnings | $3.1B |
| Treasury Stock | -$1.9B |
| Accum. Other Comp. Income | $0 |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $1.8B |
| Minority Interest | $0 |
| TOTAL EQUITY | $1.8B |
| TOTAL LIABILITIES & EQUITY | $2.9B |
| Total Debt | $150M |
| Net Debt | $112M |
